[Kansas City.com] The Chiefs’ release of running back Larry Johnson is expensive for the team but lucrative for the player.
Johnson is eligible to receive the remaining portion of his $4.55 million base salary from the Chiefs. Players are paid weekly through the 17 weeks of the regular season, so Johnson could collect about $2.14 million over the season’s final eight games.
To get the money from the Chiefs, Johnson must pass through the NFL’s waiver system. The waiver period concludes this afternoon. If Johnson is claimed by another team, that team assumes responsibility for his contract and the Chiefs owe him nothing more.
If Johnson clears waivers, the Chiefs are responsible for the $2.14 million even if he signs with another team before the end of the season.
But Johnson was also due a bonus of $62,500 for each game he was on the Chiefs roster. He will forfeit $500,000 since he won’t be on their roster the final eight games.
please somebody pick this guy up.
Comment by BAYBALFREDO — November 10, 2009 @ 8:33 am
Won’t happen
Comment by Glad he's gone — November 10, 2009 @ 8:49 am
MONEY WELL SPENT, I don’t care what it cost us. I am so glad to rid of that GARBAGE!!!!!!!!
Comment by Miles — November 10, 2009 @ 9:39 am
There are times when a team has to spend a little money for the good of the franchise’s future. Clearly this is one of those times. Can’t wait for 2010.
Comment by AZnighthawk — November 10, 2009 @ 10:15 am
It is much less than what they could lose if they kept him on…30,000 fans signed the petition to let him go before he broke the record…lets just average the cost of a ticket to the game of $80, if that many people stopped going to 1 game…it would cost the Chief’s $2.4 million. That’s not counting parking, concessions…its a no brainer.
Comment by Chiefsrule — November 10, 2009 @ 11:04 am
Cutting this guy away shows demonstrates in a meaningful way that a new era has arrived in KC. thi swould not have happened under “King Karl” and Lamar. Lamar would have deferred to the GM and the GM was too concerned with the “bottom line” for right now instead of the culture of winning.
Comment by Brad, VA — November 10, 2009 @ 12:08 pm
Small price to pay to remain a class organization. Kansas City is better off with out this CANCER in the locker room…
Comment by chiefcountry — November 10, 2009 @ 1:29 pm
Hopefully they will start to play together and better as a TEAM, because right now they completely suck. Getting rid of LJ is a step in the right direction but let’s face reality a little bit, the Chiefs are not a good team and it will probably be 2 to 3 years before they get descent. They need offense line help, defense line help, linebackers and secondary help and an offensive coordinator. Other than that they’re golden…
Comment by Jeff — November 10, 2009 @ 4:00 pm
I think the Chiefs should’ve kept him and placed him on the bench (3rd string)…Can you imagine what the cry baby would’ve done then…lmao
Comment by LVPunisher — November 10, 2009 @ 9:36 pm
just let everyone know we started wasting money on guys like jamaal charles because that guy is not our running back of the future!! Now having said that I am damn glad we got rid of LJ he was chief trash and i hope to god no one picks him up he doesn’t have his head on right and he believes people owe him! We need an everydown back and we need that guy fast!! Who looks good coming out of college ?!
Comment by geniegene — November 11, 2009 @ 1:07 pm